GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Share Price Cross Below Two Hundred Day Moving Average – Should You Sell?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $45.53 and traded as low as $30.54. GraniteShares 2x Long AMD Daily ETF shares last traded at $30.71, with a volume of 8,476,048 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm has a 50-day moving average price of $63.58 and a 200 day moving average price of $45.63.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

Several hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its holdings in GraniteShares 2x Long AMD Daily ETF by 18.3% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,014 shares of the company’s stock valued at $317,000 after acquiring an additional 621 shares during the period. Thrive Wealth Management LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $238,000. StoneX Group Inc. purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the third quarter worth about $688,000. Simplex Trading LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth about $819,000. Finally, Client First Investment Management LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $1,097,000.

About GraniteShares 2x Long AMD Daily ETF

The GraniteShares 2x Long AMD Daily ETF (AMDL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Advanced Micro Devices stock. AMDL was launched on Mar 4, 2024 and is issued by GraniteShares.